HK Stock Market Move | U-PRESID CHINA (00220) fell more than 6%, with net profit increasing by 23.1% year-on-year in the first three quarters. Overall revenue in the third quarter remained basically flat compared to the same period last year.

U-PRESID CHINA (00220) fell more than 6%, as of the time of writing, it dropped by 6.37%, to 8.38 Hong Kong dollars, with a trade volume of 34.74 million Hong Kong dollars. On the news front, on November 6th, U-PRESID CHINA released its operating performance for the third quarter. The net profit for the first three quarters was 2.01 billion, a year-on-year growth of 23.1%, with a corresponding net profit of 730 million for the third quarter alone, a year-on-year increase of 8.4%. According to Huatai, the management mentioned in an analyst conference that the company's overall revenue in the third quarter of 25 remained relatively stable year-on-year, with the beverage business seeing a slight decline in revenue in the third quarter of 25, primarily due to the price war on food delivery platforms and industry competition, while the food business saw a low single-digit growth in revenue in the third quarter of 25. In addition, the gross profit margin in the third quarter of 25 increased year-on-year, while the expense ratio decreased year-on-year, showing a stable and improving profitability.